Elon Musk-led commercial space flight company SpaceX is reportedly targeting raising $75 billion via its IPO, which is scheduled to take place in the coming weeks.

SpaceX To Sell 555.6 Million Shares

The company is targeting the sale of 555.6 million shares for $135 per share, a source familiar with the matter cited in a report by Reuters on Tuesday said.

The report also said that SpaceX's move to list the price is unusual at this stage, given that companies typically set a price range before meeting prospective investors during the roadshow, which is a promotional tour for the listing where companies and underwriters meet with potential investors.

SpaceX didn't immediately respond to Benzinga's request for comment.

SpaceX IPO's Amended Filings

SpaceX had submitted an amended S-1 filing with the Securities and Exchange Commission (SEC) on Monday, revealing a few changes, like a lock-in period of 366 days for Musk-owned Class B shares, as well as listing American Airlines Group Inc. (AAL  ) as a Starlink customer.

The company had earlier outlined a $28.5 trillion market opportunity for SpaceX, most of which was tied to the company's artificial intelligence pursuits.

Tesla Merger? Pay Package?

However, following news of the filing, Tesla Inc. (TSLA  ) stock experienced a sharp decline, which, according to investor Gary Black of The Future Fund LLC, was tied to updated text in the filing that said that SpaceX would offer significant liquidity for future transactions/acquisitions, signalling dilution concerns, according to the investor, should a merger were to happen.

Meanwhile, a Tesla-SpaceX merger could also result in Musk's $1 trillion CEO pay package automatically kicking into effect without the EV giant meeting the stipulated milestones in the package in the event of a merger/acquisition of Tesla, with compensation then solely depending on market capitalization.